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Tuesday, June 9, 2020

[ACCA_Profs] Download Comprehensive Guide To E-Assessment + Consequences Reg Non-Payment Of Advance Tax (Interest Rate And Period) Explained

 

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Dear Subscriber,

The following important updates are available at itatonline.org:

A Comprehensive Guide To E-Assessment – A Faceless, Nameless And Jurisdictionless Assessment

Advocates Mahendra Gargieya and Hemang Gargieya have prepared a comprehensive guide in which they have explained the entire law and procedure relating to e-assessments under the Income-tax Act, 1961. The ld. authors have also drawn on their experience and given practical tips on what precautions taxpayers should take to ensure proper representation. The guide will prove very useful to all taxpayers and professionals. A pdf copy of the guide is available for download

Advance Tax Of The Covid Financial Year – First Installment Of Dilemma!!

Advocate Anuj Kisnadwala has eloquently voiced the dilemma that all taxpayers are presently facing with regard to the payment of advance-tax. While non-payment attracts a levy of interest, excess payment creates the problem of seeking a refund. The ld. author has pointed out that in any event, interest is payable at only 0.75% and not at 1% as prescribed by section 234C of the Act. He has also opined, relying on judicial precedents, that interest under section 234C of the Act can be charged only for the actual period of default and not for the entire period of three months

See Also: Digest of case laws (updated regularly) containing latest judgements reported in BCAJ, CTR, DTR, ITD, ITR, ITR (Trib), Chamber's Journal, SOT, Taxman, TTJ, BCAJ, ACAJ, www.itatonline.org and other journals


Regards,

 

Editor,

 

itatonline.org

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Latest:

An Analysis Of Appeal And Special Leave Petition (SLP) Before The Supreme Court And The Doctrine Of Merger

Advocate Parveen Kumar Bansal (Former ITAT Vice President) and CA Gaurav Bansal have explained the entire law relating to the jurisdiction and powers of the Supreme Court under Articles 133 and 136 of the Constitution with respect to appeals and Special Leave Petitions. The question as to whether the admission or dismissal of a SLP results in a merger of the High Court's order into that of the Supreme Court's has also been dealt with. All the important judgements have been referred to in detail. A pdf copy of the article is available for download

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